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Rockefeller formed the standard oil company of Ohio, along with his brother. He was the president of the company.
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George Biseel and Edwin L. Drake made the first sucessful use of a drilling rig. On a well drilled, ecxpecially to produce oil. This happened in a creek near Titusville.
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Signaling the completion of the first transcontinention railroad in the U.S.
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Alexander Grahm recieved a patent on this day. 3 days later him and his assosiate Thomas Watsin sucsessfully tested their invention.
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President Rutherford B. Hayes has the white houses first telephone installed in the mansions telegraph room. President embrace this new technology, though he rarely recieved calls.
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His first attempt at his design results in a bulb that lasts about 13.5 hours before buring out.
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At exactly noon on this day, american and canadian railroads began using 4 continental time zones to end the confusion of dealing with thousands of local times. The move was the power shared by the railroad companies.
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With 10 street cars, electric power was supplied through overhead trolley wires(450 volts) or 27.5 horse power(5.6 kW) motors on each car.
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This act was the first federal act that outlawed monopolistic business practices. This was the first measure passed by the U.S congress to prohibit trust.
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This was the largest business enterprise ever launched, with an authorized capitalization of 1.4 billion dollars. Chnaged economic conditions and new market opportunities through a period of time.
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A steel producing company created by Andrew Carnegie to manage business at his steel mills in Pittsburg
